Key Points
- COO William Lenamon sold 1,000 Kodiak Gas Services shares at an average price of $63.21, worth $63,210. Following the transaction, he retained 85,294 shares valued at approximately $5.39 million.
- Kodiak reported quarterly EPS of $0.55, missing the $0.67 consensus estimate, while revenue rose 21.2% year over year to $391.12 million. The company also pays a $0.49 quarterly dividend, equivalent to a 3.1% yield.
- Analysts remain broadly positive, with 10 Buy ratings and two Holds producing a “Moderate Buy” consensus and an average price target of $78.89, above the stock’s reported $63.83 opening price.
Kodiak Gas Services, Inc. (NYSE:KGS - Get Free Report) COO William Lenamon sold 1,000 shares of the firm's stock in a transaction dated Friday, September 11th. The shares were sold at an average price of $63.21, for a total value of $63,210.00. Following the sale, the chief operating officer directly owned 85,294 shares in the company, valued at approximately $5,391,433.74. This represents a 1.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
William Chad Lenamon also recently made the following trade(s):
- On Monday, July 13th, William Lenamon sold 1,000 shares of Kodiak Gas Services stock. The shares were sold at an average price of $67.79, for a total value of $67,790.00.
Kodiak Gas Services Stock Performance
NYSE KGS opened at $63.83 on Friday. The firm has a market cap of $6.45 billion, a price-to-earnings ratio of 75.99, a price-to-earnings-growth ratio of 0.91 and a beta of 0.96. The company has a quick ratio of 1.15, a current ratio of 1.45 and a debt-to-equity ratio of 1.28. The business has a 50-day moving average price of $62.31 and a 200-day moving average price of $63.76. Kodiak Gas Services, Inc. has a twelve month low of $32.55 and a twelve month high of $77.68.
Kodiak Gas Services (NYSE:KGS - Get Free Report) last released its earnings results on Thursday, August 6th. The company reported $0.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.67 by ($0.12). The business had revenue of $391.12 million for the quarter, compared to analysts' expectations of $386.30 million. Kodiak Gas Services had a return on equity of 11.92% and a net margin of 5.77%.The business's revenue for the quarter was up 21.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.43 EPS. As a group, equities research analysts predict that Kodiak Gas Services, Inc. will post 2.44 EPS for the current fiscal year.
Kodiak Gas Services Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Thursday, August 27th. Shareholders of record on Monday, August 17th were paid a $0.49 dividend. This represents a $1.96 annualized dividend and a yield of 3.1%. The ex-dividend date was Monday, August 17th. Kodiak Gas Services's dividend payout ratio is presently 233.33%.
Analyst Ratings Changes
Several equities research analysts have recently issued reports on KGS shares. Barclays reduced their price objective on shares of Kodiak Gas Services from $76.00 to $72.00 and set an "overweight" rating on the stock in a research report on Wednesday, July 8th. Wells Fargo & Company initiated coverage on shares of Kodiak Gas Services in a research note on Wednesday, May 27th. They set an "overweight" rating and a $93.00 target price for the company. The Goldman Sachs Group lifted their price target on shares of Kodiak Gas Services from $69.00 to $88.00 and gave the company a "buy" rating in a report on Friday, May 15th. Stifel Nicolaus boosted their price target on shares of Kodiak Gas Services from $90.00 to $92.00 and gave the stock a "buy" rating in a research note on Tuesday, August 11th. Finally, Piper Sandler started coverage on shares of Kodiak Gas Services in a report on Tuesday, July 28th. They set an "overweight" rating and a $78.00 price objective for the company. Ten investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $78.89.
Read Our Latest Analysis on Kodiak Gas Services
Institutional Trading of Kodiak Gas Services
Hedge funds have recently modified their holdings of the company. Core Capital Management & Research inc. purchased a new stake in shares of Kodiak Gas Services during the 2nd quarter worth approximately $64,000. Engineers Gate Manager LP purchased a new position in shares of Kodiak Gas Services in the second quarter valued at $424,000. Squarepoint Ops LLC grew its holdings in shares of Kodiak Gas Services by 5,472.9% in the second quarter. Squarepoint Ops LLC now owns 589,510 shares of the company's stock valued at $44,290,000 after purchasing an additional 600,482 shares in the last quarter. Arizona State Retirement System increased its position in Kodiak Gas Services by 13.6% in the second quarter. Arizona State Retirement System now owns 26,724 shares of the company's stock worth $2,008,000 after purchasing an additional 3,189 shares during the last quarter. Finally, Nykredit A S bought a new stake in Kodiak Gas Services in the second quarter worth $309,000. 24.95% of the stock is owned by hedge funds and other institutional investors.
Kodiak Gas Services Company Profile
(
Get Free Report)
Kodiak Gas Services, Inc (NYSE: KGS) provides natural gas compression services to producers, processors, gatherers and other midstream companies in the United States. Its compression equipment increases and maintains the pressure of natural gas as it moves from production sites through gathering systems, processing facilities and pipelines.
The company primarily operates under long-term contracts and offers compression-as-a-service solutions. Its services include the design, installation, operation, maintenance, repair and overhaul of natural gas compression equipment.
Further Reading
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